Socialism Won?
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What to Know: According to The Week magazine, socialism “won at South by Southwest,” the Austin music and politics festival.
“Capitalism took a beating this weekend at the South by Southwest Conference in Austin, Texas,” it claims. “Alexandria Ocasio-Cortez was cheered. Howard Schultz was, well, not exactly booed, but he did produce a few groans for criticizing socialism. And overall, panels at the conference shed light on how democratic socialism has won over many young voters, while the free market’s once-sterling reputation has taken a beating. Somewhere, the spirit of Milton Friedman is shedding a tear.”
The TPPF Take: The context-free idea of socialism might be in ascendency again, but the reality of socialism is one of abject failure, tyranny and poverty. Even as Ocasio-Cortez spoke in Austin, Venezuela—once South America’s richest country—was plunged into literal darkness as its electrical grid failed.
“Socialism has failed every time it has been tried, and Venezuela is just the latest example,” says TPPF’s Chuck DeVore. “Even the supposedly milder form of ‘democratic socialism’—implemented in terms of ever-increasing government involvement in our economy and our lives—fails. That’s why New Yorkers and Californians just can’t stop moving to Texas.”
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